China's new home price index fell last month from the previous month in 56 of 70 major cities. 80% of the cities still experienced declines, and the real estate market continues to slump.
Only 11 cities saw an increase, and three cities remained the same. Shanghai's prices rose by 0.4%, while Guangzhou's prices fell by0.8%. In addition, real estate prices in small regional cities have fallen by 0,4% on average, demonstrating once again that real estate Prices continue to slump regardless of the size of the city.